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Matrix Financials handles an organisation’s
General (Ledger) Accounting, Accounts Receivables and Accounts
Payables. Bridging together the diverse and complex world of organisational
finance, make this module essential to any company.
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Matrix Financials is integrated with the following Matrix modules
- Matrix Sales and Distribution
- Matrix Materials Management
- Matrix Costing
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Objectives and advantages
- Financial accounting according to the statutory requirements.
- Management Accounting through efficient financial budgeting.
- Enterprise controlling to deal with consolidation of group
accounts.
- Treasury Management through Cash Flow, Fund Flow (accounts
receivable & payable), Investments and Loans.
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The Matrix Edge: Features and Highlights
- Parallel accounting through cost centers allows you to allocate
income and expenses and monitor profitability.
- Long term cost controls through flexible budgetary and financial
controls. Budgets can be defined month-wise and year-wise
for account head, sub-account heads, cost centers and divisions.
Budgets can be optionally validated at the time of voucher
entry.
- Short-term cash management by studying various analysis
like Cash Flow, Fund Flow and Projected vs. Actual In-Flow
and Out-flow of funds.
- Multiple Division Analysis of Data which allows data to
be filtered at multiple levels to obtain sub-sets for the
entire gamut of financial reporting for a particular set of
common data.
- Foreign Currency balance can be obtained for multiple currencies
simultaneously. Foreign Exchange Exposure can also be calculated
on the basis of the receivables position. Foreign currency
Gain & Loss Booking at the time of receipt of money against
invoice is also recorded. Every transaction can be done in
any currency and exchange rate charted for it.
- Cheque Deposited and Cleared Statement along with the calculation
of Overdraft Interest allow you to effectively monitor
bank transactions. Any report for any bank (even at a
back date) is easily available.
- Tax deducted at source is efficiently monitored through
integrated inputs from purchases and/or payments. Various
certificates and annual returns are automatically generated.
- Information analysis can be obtained through statements
like Operating results, Operating Statement, Ratio Analysis,
Sources and Applications of Funds, Schedule VI of Balance
Sheet and other related customized snapshots.
- Graphical and tabular representation of data for previous
and current year, and for account heads and account groups.
- Consolidation of Accounts for branch offices and factories.
Consolidated Receivables, Payables, Profit & Loss Statement,
Balance Sheet, Trial Balance, etc. can be viewed at a glance.
- The Chart of Accounts is defined with N level of grouping
for Balance Sheet and Profit and Loss Account purpose.
- Flexible voucher numbering through separate series of numbering
for ban debit, bank credit, cash debit, cash credit, and so
on.
- Printing of vouchers, money receipts, even Cheques.
- Income Tax formalities like preparation of Interest Statement,
Loan Statement, Account Confirmation, Loan Confirmation and
other expenses are readily available.
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Matrix Financials: A closer Look
Statutory Reports:
- Cash & Bank day Books
- Ledgers – General & Subsidiary
- Trial Balance for General & Subsidiary Ledgers
- Profit & Loss Statement
- Balance Sheet
- Schedules to Balance Sheet.
Receivables & Payables
The sales invoice, purchase invoice, debit notes
and credit notes are entered into the system from the respective
modules. Flexible payment systems allow the company to have complex
analysis available for receivables and payables.
- Bill wise adjustment of payment received from customers
and payments made to vendors can be done online
- On Account payments can also be done
- Outstanding analysis for flexible periods
- Over-due bills with detailed and summary options
- Customer exceeding Credit limit or Credit period
- Interest on bills with over-due outstanding
- Analysis of bills paid after the due date to decide credit
rating
- Statement of book debts to provide to banks
The Accounts Receivable reports can be
grouped by:
- Area
- Salesman or Agent
- Type of Customer (distributor, dealer, end-customer, etc)
The Accounts Payable system allows you to analyze
the outstandings to a vendor. The company can plan the cash out-flow
on the basis of the ageing analysis for payments due to vendors
in the forthcoming period.
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